The town's largest private employer is about to grow even bigger.
Ryu Goto, president of Engineered Sintered Components on Old Murdock Road, announced April 8 that his company would invest $10million over the next two years to expand its manufacturing plant by 20,000 square feet beginning in May.
The expansion at the 90-acre campus will include $9million in new equipment and create about 35 jobs, Goto said. The company now employs 380 workers.
Engineered Sintered Components was established in 1989 as a joint venture between Sumitomo Electric Sintered Alloys and Eaton Corp. It is a major supplier of sintered metal components to the North American auto industry.
Sintering is manufacturing objects from powdered materials by heating them to just below their melting point. The company makes such products as valve train and power steering components, oil pump rotors, sensor rings, sprockets and pulleys.
Troutman is its only U.S. manufacturing location; other plants are in Japan, China, Korea, Germany, Thailand and Malaysia. A sales office is in Southfield, Mich.
The Troutman campus actually consists of two plants: one 140,000 square feet and the other 30,000 square feet.
"We have been working hard to bring in new business and are running near full capacity," Goto said in a written statement. "To meet customers' demand, we need more space and more equipment."
The Troutman Board of Aldermen was expected this week to approve giving the company a tax incentive of $137,213 for the expansion. The Iredell County Commissioners have approved a $142,000 five-year county tax grant.
Goto said the facility will launch 24 new products as part of the expansion. ESC opened its first Troutman plant in 1989 and employs 375 workers.
"Our global strategy points to growth in the North American market," Goto said. "We look forward to this expansion in supporting our overall goal to manufacture highly engineered components while placing a high value on our employees, their families and our community."
The company expects to begin hiring for the new positions this fall, with 15 to 25 of the jobs to be filled this year and the rest in 2012.
"ESC is Troutman's biggest employer and arguably Troutman's best friend," Mayor Elbert Richardson said. "They have been wonderful partners working with the town, and we congratulate them on their growth and the success it represents."
Industrial development officials, who supported tax incentives for the expansion, said the jobs being created are high-quality positions.
"They will be creating at least 12 full-time jobs that will pay more than the Iredell County average wage and will pay for at least 50percent of the full-time employees' health-care coverage," said John Marek of the Greater Statesville Development Corp.
The company recently worked with town leaders on a new community park on 30 company-owned acres between the Old Murdock Road complex and the town hall. The company will lease the property to the town for $1 a year. Special Correspondent Dave Vieser contributed.
Main park access closed until May 28
KANNAPOLIS The main access drive to the city's Village Park will remain closed until May 28 for improvements to the access drive and parking lot. The main drive closed for the work last Monday.
Weekday park building access and temporary parking is available via the Kannapolis Cemetery. Directional signs are posted on West C Street. Weekend parking is available near the YMCA on West C Street.
The closure is part of a beautification project to enhance the parking lot, lighting and roadways of Kannapolis Cemetery and entrance to Village Park, city officials said.
Improvements will include grading and widening of the roadway, entrance monuments, fencing along the perimeter of the property, landscape islands and new lighting and paving for the parking lot.
The roadways and parking lot will be open in time for the first Waste Management Summer Entertainment Series concert on June 4, officials said.
Scout completes elementary school track
MOORESVILLE Boy Scout Ryan Bradford completed his Eagle Scout project recently when he and other Scouts finished an outdoor track at Lake Norman Elementary School on Oak Tree Road.
Ryan and other Scouts logged 130 hours working on the track over two recent weekends, first removing 20 tons of dirt and then replacing it with crushed rock.
Ryan is a sophomore at Lake Norman High School and a member of Boy Scout Troop 171 at Williamson's Chapel United Methodist Church. He is the son of David and Vicki Bradford of Mooresville.
Scout creates prayer garden
SHERRILLS FORD William Wyatt Messer Ayers of Boy Scout Troop 327 in Sherrills Ford created a prayer garden at Hopewell United Methodist Church for his Eagle Scout project.
Williams was awarded the Eagle Rank, the highest rank in the Boy Scouts of America, during a March 26 ceremony at the church.
He leveled a sloped area for the garden and laid a walkway and sitting area with brick pavers. He then planted flowers, shrubs and trees in a circular pattern. He placed wrought iron benches in the center of the garden.
William is the son of Dale and Billie Ayers of the town of Catawba and grandson of Peggy Riley of Lake Norman and Grace Ayers Sossamon of Charlotte.